결별 택한 NH·KB vs 의리 지킨 SJ·신영…국민성장펀드 2차 '동상이몽'

In Korea's policy fund competition, maintaining partnerships backed by strong track records proves strategically advantageous; while major firms like NH and KB switched partners following first-round rejections, SJ Investment Partners and Shinyang Securities moved up to higher tiers with their existing consortium, validated by successful past exits. This divergence signals that operational synergy and documented trust relationships can create competitive advantage beyond reactive strategy pivots.